Cyber Insurance Growing in Importance

Risk managers across the country are looking at cyber insurance as a major add on to their insurance portfolios. Cyber crimes are growing and the use of cloud and wireless connections are growing which means businesses are targeted more and more. Cyber insurance does cover most of the liability and first party losses as a result of cyber crimes. As time goes on it will remain to be seen if the insurance product catches on more and more with small business owners. Yes it adds to the costs of their insurance protection but it may be a coverage that they can't do without.  Until next time be careful out there and know your risks. K

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